YONGHUI SUPERSTORES(SH:601933) 21世纪经济报道·2025-11-12 05:38Core Viewpoint - Zhang Xuansong, the chairman of Yonghui Supermarket, plans to reduce his stake in the company due to personal financial needs, indicating a potential shift in his role within the company [2][5]. Group 1: Shareholding Changes - Yonghui Supermarket announced that Zhang Xuansong and his associates intend to reduce their holdings by up to 90,750,000 shares, representing no more than 1% of the total share capital [2]. - As of June 30, 2025, Zhang Xuansong and his associates hold a total of 1,274,987,806 shares, accounting for 14.05% of Yonghui Supermarket [2]. Group 2: Management and Structural Changes - In 2024, Miniso's subsidiary acquired 29.4% of Yonghui Supermarket, making Miniso the largest shareholder [3]. - Yonghui announced the establishment of a reform leadership group, led by Miniso's controlling person, Ye Guofu, to accelerate the company's transformation [3]. - Wang Shoucheng was appointed as the CEO of Yonghui Supermarket in September 2025, indicating a strategic shift in leadership [3]. Group 3: Financial Performance - In Q3, Yonghui's revenue declined by 25.55% year-on-year to 12.486 billion yuan, with a net loss of 469 million yuan, an increase in losses compared to the previous year [4]. - The company attributes the revenue decline to intense industry competition and changes in consumer habits, leading to reduced foot traffic and average transaction values in existing stores [4]. Group 4: Future Outlook - Yonghui remains optimistic about future performance, having renovated 222 stores by Q3, with plans to reach 300 stores by early 2026, which is expected to significantly enhance contribution [4]. - The average foot traffic in renovated stores increased by 80% in October, with over 60% of these stores entering a stable phase, achieving the highest profitability in five years [4].